The
global
seasonings and spices market has been examined in a detailed
market research report published by Transparency Market Research. The
report analyzes key elements of the market and presents an expansive
overview of the competitive landscape of the market. The report is
titled “Seasonings and Spices Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2013 - 2019.” The report
states that the market will expand at a healthy 4.8% CAGR over the
period between 2013 and 2019. At this pace, the market, which had a
valuation of US$12.7 bn in 2012, is projected to reach to a valuation
of US$16.6 bn by 2019.
The
report highlights the fact that the market has survived well and is
thriving even during the recent times of global economic downturn,
which wreaked havoc on several well-established industries. The fact
that consumers give more preference to in-house recipes by buying
ingredients that eating out during financial crises has significantly
helped the market survive the turbulent times of economic downturn of
the past few years. Even though conditions reverse when finances are
strong, the integral part played by seasonings and spices in every
cuisine makes them products that are always in -demand.
The
report segments the global seasonings and spices market on the basis
of two criteria: product type and geography.
On
the basis of product type, the market has been segmented into spices,
herbs, pepper, and salt and salt substitutes. Of these, the segments
of pepper and salt and salt substitutes collectively held a dominant
share of over 50% in the global seasonings and spices market in 2012.
On
the basis of geography, the report segments the global seasonings and
spices market into North America, Europe, Asia Pacific, and Rest of
the World. The report states that the market has seen flourishing
growth flourished in regional markets such as North America, Parts of
Latin America, and Europe, along with the traditional consumer of the
market seasonings and spices – Asia Pacific. Several varieties of
spices, especially several intense spices, which have been
traditionally a part of native Asia Pacific cuisines for centuries,
have only recently started gaining acclaim in countries such as
Spain, the U.S., and the U.K.
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a Brochure of this Report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1739
In
2012, Asia Pacific, considered to be the most lucrative regional
markets for a spices and seasonings, held a dominant share of over
66% in the global seasonings and spices market in terms of volume.
Despite this, Europe held the dominant position in the market in
terms of value, accounting for over 35% of the global market in 2012.
Asia Pacific accounted for a 31% share in the global market in terms
of value in the same year.
The
report also gives an expansive account of the competitive scenario of
the global seasonings and spices market with the help of detailed
business profiles, SWOT analysis, and financial overview, and details
regarding the business strategies, and recent developments pertaining
to of some of the major vendors in the market.
The
key market vendors profiled in the report include McCormick &
Company, Nestle, Everest Spices, MDH Spices, Knorr, Catch, and Kraft
Foods.
Seasonings
and spices: Segmentation by product
- Pepper
- Salt and salt substitutes,
- Spices,
- Herbs
Seasonings
and spices: Segmentation by geography
- Europe
- North America
- Asia-Pacific
- Rest of the World
Contact
Mr.
Sudip S
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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